Embraer reports strong increase in airliner order backlog

Brazil-based global major aerospace group Embraer – the world’s number three maker of jet airliners – has released its deliveries and order backlog report for the first quarter of this year (1Q24). Deliveries of its commercial and executive (or business) aircraft types are up 67%, year-on-year. And its order backlog is the highest it has been in seven years. The order backlog, at the end of 1Q24, stood at $21.1-billion, a 13% increase over the figure for 4Q23. During 1Q24, the company’s commercial jets (airliners) order backlog increased by $2.3-billion (a 26% jump, quarter-on-quarter (q-o-q)), and its business jet order backlog rose by $4.6-billion (a 7% rise q-o-q). Its services and support backlog neither rose nor fell, while its defence and security backlog (at $2.4-billion) declined by -4%. (Recent selections, by some countries, of the Embraer C-390 airlifter for their air forces, have not yet been incorporated into the defence and security backlog.)